AM Best Market Segment Report On Reinsurers

A composite of AM Best-rated U.S. and Bermuda reinsurers generated a fifth-straight year of underwriting profitability, even as premium growth fell sharply, according to a new AM Best report. A spokesperson said, “The Best’s Market Segment Report, “US and Bermuda Reinsurers Maintain Strong Performance Despite Softening Market,” is part of AM Best’s look at the …
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Circle Sign Partnership Deal With Chelsea Football

Chelsea Football Club announced a partnership with Circle Internet Group, with the technology company — that has a subsidiary that operates a digital asset business in Bermuda – to be the official front-of-shirt partner for the Premier League football team for the 2026/27 season. A spokesperson said, “Chelsea Football Club today announces a landmark partnership with Circle Internet …
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Clyde Best Film Wins At BronzeLens Festival

The documentary ‘Transforming the Beautiful Game: The Clyde Best Story’, about Bermudian football legend Clyde Best, won Best International Film at the 2026 BronzeLens Film Festival in Atlanta. A spokesperson said, “Transforming the Beautiful Game: The Clyde Best Story has won Best International Film at the 2026 BronzeLens Film Festival in Atlanta, adding another major …
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ABIR Report Highlights Bermuda Market Strength

The “continued resilience and strength of Bermuda global [re]insurance market was recently highlighted by two important publications,” ABIR said. A spokesperson said, “The Association of Bermuda Insurers and Reinsurers’ [ABIR] 2025 Global Underwriting Report revealed gross premiums for Bermuda’s leading [re]insurers reached an all-time high of $197.5 billion for the financial year ended 2025. In …
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Photo Set II: Eastern County Cricket Match

Bailey’s Bay retained the Eastern Counties Cup after drawing with St David’s in Saturday’s event, while OJ Pitcher reached 1,000 career runs in the competition. The government posted the images below and said, “Highlights Saturday’s Eastern Counties Cup final at Lord’s, where Bailey’s Bay and St David’s played to a draw, with Bailey’s Bay retaining …
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Bermuda Re/Insurers Incurred $1.34T Claims

Bermuda commercial [re]insurers incurred US$1.34 trillion in gross claims costs globally between 2016 and 2025, according to data drawn from Bermuda Monetary Authority [BMA] statutory filings and periodic claims surveys. A spokesperson said, “Bermuda commercial [re]insurers incurred US$1.34 trillion in gross claims costs to policyholders and cedants globally during the ten-year period from 2016 to …
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Rudy Bailey Wins Comet Class Championship

Bermuda’s Rudy Bailey has won the 2026 Comet Class Yacht Racing Association International Championship at the Corsica River Yacht Club in Centreville, Maryland. Sailing Equalizer, the Bermudian sailor and his crew Tyler Hartswell, finished the six-race series with 12 net points after recording two first-place finishes, two thirds and a fourth, with his other fourth-place …
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Premier To Attend Meetings In Brussels & Paris

The Cabinet Office advised today that the Premier and Minister of Finance David Burt will be in Brussels and Paris to “participate in the Association of Bermuda Insurers and Reinsurers’ [ABIR] Annual International Insurance Regulatory Dialogue, and hold a series of high-level meetings with European officials and industry leaders.” A Government spokesperson said, “The Premier …
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PHC Foundation Awards $31,000 In Scholarships

The PHC Foundation awarded a total of $31,000 in scholarships to seven students, with Amir Weller, T’syi Showers, Chavi Pacheco, Kauai Evans, Keyara Signor, Antoinette Barry, and Ja’Shay Trott all earning scholarships. A spokesperson said, “The PHC Foundation recently held its 22nd Annual Scholarship Awards Ceremony at Chubb Bermuda. “A total of $31,000 was awarded to seven …
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41-Year-Old Motorcyclist In ICU After Collision

A 41-year-old motorcyclist it’s in the Intensive Care Unit [ICU] following a collision on Happy Valley Road early this morning [Aug 31]. A police spokesperson said, “Around 12:01am Monday, 31st August 2026, a reported serious single vehicle collision occurred along Happy Valley Road in Pembroke, near Tribe Road Number 3. Police, Bermuda Fire & Rescue Service, …
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Aspida Re Offshore Reinsurance Whitepaper

Aspida Life Re Ltd. announced the release of its latest whitepaper, Demystifying Offshore Reinsurance: Nine Things Every Insurance Professional Should Know, which is described as a “comprehensive resource designed to help insurance professionals better understand offshore reinsurance, its notable growth, and its role in today’s global life and annuity markets.” A spokesperson said, “As demand for …
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New Preclearance Process For U.S. Citizens

U.S. officials announced the introduction of Enhanced Passenger Processing at Bermuda’s airport for U.S. citizens, saying it uses a “sophisticated facial comparison technology to deliver a touchless, secure, and efficient inspection process for U.S. citizens” to “streamline the preclearance experience.” A spokesperson said, “U.S. Customs and Border Protection [CBP] announces the introduction of Enhanced Passenger …
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